Bitcoin Price Sits At $16,320 For 12 Days In The Coin’s Entire 4,332-Day History
Bitcoin Price Sits At $16,320 For 12 Days In The Coin’s Entire 4,332-Day History
November 14, 2020
Bitcoin Price Sits At $16,320 For 12 Days In The Coin’s Entire 4,332-Day History
Bitcoin Price Sits At $16,320 For 12 Days In The Coin’s Entire 4,332-Day History
November 14, 2020

The Bitcoin (BTC) price that is sitting at $16,320 has only been at this level or higher for 12 days in the coin’s entire 4,332-day history by representing just 0.28% of the cryptocurrency’s life.

It has been reported that Messari published data by stating that the closing price had exceeded $16,320 only on 12 other days, 10 of which occurred from December 7 to 20 in 2017, with the highest close occurring on December 16 at $19,378.

However, any investor who bought at the all-time high of $20,089 would still be down 18.35%. In contrast, investors who bought at this cycle’s low of $3,126 on December 15, 2018, would be up 424%.

The report said that of the other top 10 coins, only Chainlink (LINK) comes remotely close to Bitcoin, with the coin sitting above the current price of $12.70 for 2.7% of its life.

The majority of altcoins are yet to enter proportionally rare price ranges, as Ether’s (ETH) current price of $464 has been exceeded 201 days in the past by representing more than 10% of the entire 1,933 days since the Ethereum network went LIVE.

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Likewise, XRP, Bitcoin Cash (BCH), Litecoin (LTC), Binance Coin (BNB), Polkadot (DOT), and Cardano’s ADA prices all vary between 9.7% and above 30%. BCH exceeds all other coins sitting above the current price of $258 for at least one-third of its life.

It has been analyzed that Bitcoin’s strong rise past $16,000 has also seen record volumes recently. With more than $5.5 billion in Bitcoin trading volume recorded on November 5, only nine days have seen a stronger volume in Bitcoin’s history. Compared to this day in previous years, investors have seen profits of 88%, 2,275%, 4,326%, and a staggering 5,833,991% for the years of 2019, 2016, 2013, and 2010.

Thus, in other words, investing $1 into Bitcoin on November 13, 2010, would have increased to $58,339 now.

Source: Cointelegraph


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.